{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-22-299775","form_type":"8-K","ticker":"FOA","cik":"0001828937","company_name":"Finance of America Companies Inc.","filed_at":"2022-12-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:52.466092+00:00","generated_at":"2026-06-21T08:18:45.056467+00:00","sec_items":["1.01","3.02","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Finance of America to Acquire Assets of Reverse Mortgage Lender AAG","bullets":["FOA subsidiary FAR will purchase most of AAG's assets for $10M cash, one Class B share, and up to 33.9M FOAEC units exchangeable for Class A shares.","Existing stockholders commit $30M to purchase 21.7M Class A shares at VWAP, conditioned on closing of AAG acquisition.","AAG transaction expected to close in H1 2023, subject to HSR clearance and Ginnie Mae consent; termination date initially April 6, 2023.","Press release on Dec 7, 2022 states deal will be accretive to tangible book value and EPS, adding AAG's direct-to-consumer retail channel."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-22-299775","json":"https://secwatch.observer/filing/0001193125-22-299775.json","markdown":"https://secwatch.observer/filing/0001193125-22-299775.md","text":"https://secwatch.observer/filing/0001193125-22-299775.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1828937/000119312522299775/0001193125-22-299775-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1828937/000119312522299775/d286984d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T08:18:45.056467+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"026f48d31e310d41ad31542ef0733c460192191f","claim":"Finance of America Companies Inc. entered into Stock Purchase Agreement with Libman Family Holdings LLC (BL Investor) valued at 10,869,566 shares of Class A Common Stock for $15,000,000 (effective 2022-12-06).","evidence_excerpt":"Also on December 6, 2022, the Company entered into separate Stock Purchase Agreements (each, a “ Stock Purchase Agreement ”) with each of (i) BTO Urban Holdings L.L.C., Blackstone Family Tactical Opportunities Investment Partnership – NQ ESC L.P. and BTO Urban Holdings II L.P. (collectively, the “ Blackstone Investor ”) and (ii) Libman Family Holdings LLC (the “ BL Investor ” and together with the Blackstone Investor, the “ Investors ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828937/000119312522299775/0001193125-22-299775-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Libman Family Holdings LLC (BL Investor)"},{"label":"Value","value":"10,869,566 shares of Class A Common Stock for $15,000,000"},{"label":"Effective","value":"2022-12-06"}],"fact_type":"material_agreement"},{"claim_id":"0bd4879fdb789677af5a3dac4df62d1fa1b5401e","claim":"Finance of America Companies Inc. entered into Asset Purchase Agreement with American Advisors Group (AAG) valued at $10 million cash, 1 share of Class B Common Stock, up to 33,893,666 FOAEC Units (effective 2022-12-06).","evidence_excerpt":"On December 6, 2022, Finance of America Companies Inc., a Delaware corporation (the “ Company ”), entered into an Asset Purchase Agreement (the “ Asset Purchase Agreement ”) with Finance of America Equity Capital LLC, a Delaware limited liability company (“ FOAEC ”), Finance of America Reverse LLC, a Delaware limited liability company and an indirect subsidiary of the Company (“ FAR ”), American Advisors Group, a California corporation (“ AAG ”), and, for the limited purposes described therein, Reza Jahangiri, an individual residing in the State of California (the “ AAG Principal ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828937/000119312522299775/0001193125-22-299775-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"American Advisors Group (AAG)"},{"label":"Value","value":"$10 million cash, 1 share of Class B Common Stock, up to 33,893,666 FOAEC Units"},{"label":"Effective","value":"2022-12-06"}],"fact_type":"material_agreement"},{"claim_id":"839d0388ba64eafc35bd1153563754b81f269817","claim":"Finance of America Companies Inc. entered into Stock Purchase Agreement with BTO Urban Holdings L.L.C., Blackstone Family Tactical Opportunities Investment Partnership – NQ ESC L.P., BTO Urban Holdings II L.P. (collectively, Blackstone Investor) valued at 10,869,566 shares of Class A Common Stock for $15,000,000 (effective 2022-12-06).","evidence_excerpt":"Also on December 6, 2022, the Company entered into separate Stock Purchase Agreements (each, a “ Stock Purchase Agreement ”) with each of (i) BTO Urban Holdings L.L.C., Blackstone Family Tactical Opportunities Investment Partnership – NQ ESC L.P. and BTO Urban Holdings II L.P. (collectively, the “ Blackstone Investor ”) and (ii) Libman Family Holdings LLC (the “ BL Investor ” and together with the Blackstone Investor, the “ Investors ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828937/000119312522299775/0001193125-22-299775-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"BTO Urban Holdings L.L.C., Blackstone Family Tactical Opportunities Investment Partnership – NQ ESC L.P., BTO Urban Holdings II L.P. (collectively, Blackstone Investor)"},{"label":"Value","value":"10,869,566 shares of Class A Common Stock for $15,000,000"},{"label":"Effective","value":"2022-12-06"}],"fact_type":"material_agreement"},{"claim_id":"94e410cde9a124c574009043e6d66a19ae585bde","claim":"Finance of America Companies Inc. entered into Loan Sale Agreement (Mortgage Loan Purchase Agreement) with American Advisors Group (AAG) valued at Consideration included in AAG Transaction (effective 2022-12-06).","evidence_excerpt":"Also on December 6, 2022, concurrently with the execution of the Asset Purchase Agreement, FAR entered into a Servicing Rights Purchase and Sale Agreement (the “ MSR Purchase Agreement ”) and a Loan Sale Agreement (the “ Mortgage Loan Purchase Agreement ” and collectively with the Asset Purchase Agreement and MSR Purchase Agreement, the “ AAG Purchase Agreements ”) with AAG.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828937/000119312522299775/0001193125-22-299775-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"American Advisors Group (AAG)"},{"label":"Value","value":"Consideration included in AAG Transaction"},{"label":"Effective","value":"2022-12-06"}],"fact_type":"material_agreement"},{"claim_id":"d8f85371d973f7c8f6f610d0d51b280443cfa841","claim":"Finance of America Companies Inc. entered into Servicing Rights Purchase and Sale Agreement (MSR Purchase Agreement) with American Advisors Group (AAG) valued at Consideration included in AAG Transaction (effective 2022-12-06).","evidence_excerpt":"Also on December 6, 2022, concurrently with the execution of the Asset Purchase Agreement, FAR entered into a Servicing Rights Purchase and Sale Agreement (the “ MSR Purchase Agreement ”) and a Loan Sale Agreement (the “ Mortgage Loan Purchase Agreement ” and collectively with the Asset Purchase Agreement and MSR Purchase Agreement, the “ AAG Purchase Agreements ”) with AAG.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1828937/000119312522299775/0001193125-22-299775-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"asset purchase"},{"label":"Counterparty","value":"American Advisors Group (AAG)"},{"label":"Value","value":"Consideration included in AAG Transaction"},{"label":"Effective","value":"2022-12-06"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}